Banks in Panic, Recession is Real

I recently checked the news of the layoff happening. And the marketing and the sales people have a target each month.

They have this target so that they can increase the revenue of the banks and the insurance products. This way they want to show the recession without making a sound.

Now the real drama happened recently. I got call from banks and they asked me to do more international transactions. I felt panic because if banks are kind of making such calls that means recession is for real and close.

So I thought let's write an article and explain what is going on recently in this part of the world.

They want you to Spend

The thing right now is that your spending is supposed to be in moderation. So the banks are offering you the good interest on deposits. And they also want you to spend. Like real.

You would be tempted to try out some of the bank offers. And that means the offers would be related to the spending. So the thing is that banks want to make you spend through them.

They want you to Invest

Now in one hand they want you to spend. And in another they want you to hold your precious money into their vaults too. So this way they want to have a control over both sides of the cards.

When you have such control you woould be seeing that your money is never yours. You just hold the cards or say some sort of the number ledger in the hands. So that kind of shows you the face in recession.

Be careful, what they sell to you

They want you to invest into the things that would help both them and you but most of the benefits they would be holding. Like they want to sell you most of the features which wont matter much other than experience.

I suppose the thing is that selling to you is kind of a optional thing. You never know what could be something you would be needing to do in this case. A lot of people simply ignore their offers and pitches.

What's your experience?

From my experience I am sure you have learned a thing or a two. It's kind of a bad times during the recession that would teach you a lot of interesting things.

So how is your recession experience these days?